Nov 5th, 2009 - Bloomberg
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Nov. 5 (Bloomberg) -- Bank of America Corp.’s BrianMoynihan, listed among contenders to succeed Chief ExecutiveOfficer Kenneth D. Lewis, agreed to testify about his role inthe Merrill Lynch & Co. takeover before a congressional panelprobing the deal, people familiar with the matter said.
Moynihan, 50, who heads consumer banking, will appearbefore the House Oversight Committee on Nov. 17, according totwo people who spoke anonymously because the schedule isn’tpublic yet. Timothy Mayopoulos, whom Moynihan replaced asgeneral counsel in December as the Merrill deal almostunraveled, will also testify, the people said.
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US Stocks Down Slightly With Financials Weak
Nov 6th, 2009 - Wall Street Journal
NEW YORK (Dow Jones)--U.S. stocks traded slightly lower late Friday morning after a brief push into the green, as the U.S. unemployment rate surged to a 26-year high. The Dow Jones Industrial Average recently traded down 10 points...
CF Industries Rejects Agrium's Revised Takeover Offer
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- CF Industries Holdings Inc. rejectedrival fertilizer producer Agrium Inc.’s increased $4.52 billiontakeover offer, saying it “substantially” undervalues thecompany.
BNY Mellon's Kelly Says He Doesn't Want Bank of America Post
Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- Bank of New York Mellon Corp.’s chiefexecutive officer, Robert Kelly, told his company’s operatingcommittee that he’s not interested becoming the head of Bank ofAmerica Corp.PENPIX-Possible Lewis replacements at BofA
Nov 5th, 2009 - Reuters
CHARLOTTE, N.C., Nov 5 (Reuters) - Bank of America Corp(BAC.N) CEO Ken Lewis' year-end retirement is fast approachingand the bank's search committee is still hunting for asuccessor.
Bank of America's top lawyer lacked active license
Nov 5th, 2009 - Boston
Bank of America, already under investigation for its controversial purchase of failing investment bank Merrill Lynch, is now under fire for a legal technicality involving a high-ranking executive from Wellesley. It turns out that the executive...
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